Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $685 | $818 | $791 | $646 | $615 |
| Gross Profit | $393 | $485 | $480 | $393 | $372 |
| Operating Income | $77 | $138 | $137 | $78 | $62 |
| Net Income | $60 | $103 | $106 | $64 | $52 |
Over the five-year period, Ethan Allen Interiors Inc. experienced an initial period of strong growth followed by a notable contraction. Revenues increased from approximately USD 685 million in 2021 to a peak of USD 818 million in 2022—a rise of around 19%—supported by a similar trend in gross profit which grew from USD 393 million to roughly USD 485 million. Operating income and net income recorded even more pronounced increases during this phase; operating income jumped from about USD 77 million to USD 138 million, while net income increased from USD 60 million to over USD 103 million between 2021 and 2022. These robust figures suggest that the company was effectively capitalizing on market opportunities, possibly aided by favorable conditions in the furniture and home furnishings industry. However, the subsequent years tell a different story. Revenue and gross profit saw declines in 2024 and 2025; revenue dropped to USD 646 million in 2024 and further to USD 615 million in 2025, with gross profit following a similar downward trend. Operating income and net income also suffered significant declines—operating income fell nearly 43% from its 2023 level to around USD 78 million in 2024, while net income declined by about 40% from USD 106 million in 2023 to roughly USD 64 million in 2024, continuing lower in 2025. These marked contractions may indicate challenges such as tighter margins or increased operating costs. Overall, while the company demonstrated impressive profitability in the earlier part of the period, the recent downturn raises questions about the sustainability of its financial performance and suggests a need for further operational and strategic review to navigate evolving market conditions.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.